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Royal Park Partners advises Zip Co on its sale of Twisto to Param


Overview of the transaction


On 17-Aug-23, Zip Co announced the sale of Twisto for an undisclosed consideration.

Twisto is a leading provider of Buy Now Pay Later solutions in Central and Eastern Europe (CEE).


Param is a Turkish fintech offering embedded finance solutions to SMEs and large corporations, which include online/offline payments, open banking, and SME lending. The company offers consumers an all-in-one financial app including free current accounts, cashback and debit cards.


 


Overview of Twisto


Twisto was founded in 2013 by Michal Smida and has developed a unique BNPL solution, giving customers full control and freedom to pay over short and longer-term instalment terms.

Twisto has processed Buy Now Pay Later transactions for over 1.6 million customers since inception.

The company is a leading regional player in CEE, with the core markets of the Czech Republic and Poland.

Twisto is also a principal member of MasterCard with a primary issuing license and partners with Marqeta to offer card solutions across Europe.

Risilience helps clients across a wide range of sectors, including food, retail, technology, fashion, transport, utilities, and financial services. Risilience’s client list includes high-calibre global players such as Nestlé, Burberry, Coca-Cola Europacific Partners, Reckitt, easyJet and Tesco, among others. The firm has c.70 full-time employees (of which +15 PhD holders) with offices in the U.K. and U.S.


 

Royal Park Partner's Role


Royal Park Partners acted as exclusive strategic and financial advisor to Zip Co and Twisto

This transaction highlights Royal Park Partners’ unrivalled experience in the Buy Now Pay Later / Specialty Finance space and history of assisting with the creation of meaningful returns for our Fintech clients and investors.


 

Michal Smida

Twisto Founder &CEO


Big thanks : to the Royal Park Partners team, namely Aman Behzad and Ricardo Falter who have been by Twisto's side for the past 2+ years navigating our fundraising efforts in very unpredictable markets !



 

Disclaimer


The information contained in this document and any communication or documents or other materials distributed at or in connection with the document (together, the "Presentation") is confidential and is being made to or directed to in the United Kingdom only to (i) persons who have professional experience in matters relating to investments (being "investment professionals" within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO")) or (ii) persons falling within Article 49(2) ("high net worth companies, unincorporated associations etc") of the FPO or (iii) persons who are otherwise permitted by law to receive it (all such persons being "Relevant Persons"). This presentation may not be disseminated, distributed or used without the prior written consent of Royal Park Partners and Sapia Partners LLP (the “Companies”). The information contained in the Presentation is not intended to be viewed by, passed on or distributed (directly or indirectly) to, any other category of persons. Any investment or investment activity to which the Presentation relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This Presentation must not be acted or relied upon by persons who are not Relevant Persons. Royal Park Partners is an Appointed Representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority.​


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